Monday, May 04, 2009

what is the future price of silver & gold in 2009?

OK my prediction of gold going over $2000/oz has not come true yet, but it will soon. Today it went over 900 on Chinese buying. A weak dollar on Chinese buying gold will propel the price up. The future market of gold is as a safe haven in an uncertain world. Also, as our pandemic gets worse, expect precious metals to rise. In fact, future gold market price will go much higher.

I predict that the future price of gold will rise over $2000/oz in a matter of months. As housing prices continue to fall and our severe economic recession grows worse, expect more banks to fail. The future price of gold will go up.

Silver is another story. Industrial demand will go down, but silver is poor mans gold, so it too will rise. The problem is that we have many silver mines that are producing. I predict a global collapse as all systems fail.

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